Nexa Equity, a San Francisco, CA-based private equity firm focused on investing in lower-middle market application software and fintech businesses, closed its inaugural fund, Nexa Equity Fund I, L.P., at more than $180m in capital commitments.
The Fund received support from university endowments, foundations, investment advisers, fund-of-funds, family offices, entrepreneurs, private equity leaders and other financial institutions. Nexa Equity has raised an additional $150m through deal-specific co-investment vehicles, bringing the firm’s total private equity capital under management to over $330m.
Founded in 2021 by Vlad Besprozvany, a software and fintech investor who previously led a number of high-profile buyout investments and exits at Insight Partners and Thoma Bravo, Nexa Equity aims to back rapidly scaling software and FinTech companies that are revolutionizing the way their industries use and access technology. The current portfolio includes:
- AutoReturn: A SaaS towing and parking enforcement platform with prominent local and state government clients in the U.S. and abroad.
- Choice: A FinTech company catering to software companies, merchants, and ISOs.
- HomeTown: A provider of events management and ticketing software for K-12 schools, universities and associations.
- Leap: A business management and sales enablement suite for home remodelers.
- Storewise: A provider of retail automation software for independent grocery stores across the United States.